Activist investor Elliott Management has made a multi-billion dollar investment in cloud-based software firm Salesforce, according to people familiar with the matter
A logo of Salesforce is seen at its exhibition space, at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo
"We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott told Reuters. He added that he has "developed a deep respect for Marc Benioff and what he has built." Benioff co-founded the company and is its co-CEO.Salesforce did not immediately respond to a Reuters request for comment and Elliott declined to comment.
and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.
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